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Ethical derivatives strive to win over sceptics
New Isda standards are latest move to overcome client “hesitancy” to use contracts linked to ESG targets
GFXC confirms zero hold times in last look
Chair says checks can’t be used to monitor client market impact – a “game changer” according to some
Axes that matter: PCA with a difference
Differential PCA is introduced to reduce the dimension in derivative pricing problems
Latest
Quotes
19901 has never been reformed, despite all the IsdaFix stuff. Could it still be manipulated? Yes.
Interdealer broker source
You’ll find all sorts of things happening in prime risk management, from sophisticated to not
Former head of one Wall Street prime brokerage
[A one-way CSA] is not doable in the financial markets anymore – nobody would want to do a swap with you
Tom Meuwissen, general manager of the treasury at NWB Bank
Editor's Choice
Credit Suisse and the Wild West of synthetic prime brokerage
Industry insiders describe a frontier business with few rules – and plenty of questionable practices
Big Figure
Bond exodus
Liquidity in Treasuries saw a sharp deterioration on February 25, with bid/offer spreads across the whole curve tripling. Belly flies such as 2/5/10s cheapened over 17bp, seven times greater than in a typical session. This had a knock-on effect on off-the-run Treasuries. The head of rates at a US buy-side firm says one popularly traded deep off-the-run 30-year bond that regularly trades two ticks wide blew out to 12-13 ticks wide on February 25.
Read the full articleInvesting
Why new EU rules are fuelling greenwashing and how to stop it
Reporting requirements for ESG funds may not solve the problem – a list of harmful investments might
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A defence against the next convexity crunch
Hedge funds and the rebound in collateral velocity
Our Take
OTC derivatives clearing: no turning back
Could prime of primes go pop?